Commodity Tips

Latest Post

Thursday, September 11, 2014

Commodity Free Tips : Copper, Nickel, Aluminium



In base metal updates on Multi Commodity Exchange (MCX), top three trading metals in the week pointed to Copper, Aluminum and Nickel. Global markets indicated positive outlook for Copper futures which added 0.13 percent to copper futures raising their trading amount to Rs 423.25 for a kg of copper.

Hidden and most important reason which improved position of copper in the market is increasing domestic demand in on-spot market trading as its applicability rose with expansion in industries.

In international markets, copper with delivery dated three months ahead moved 0.6 percent up trading at USD 6,879 in London metal exchange. Further surge in the prices of commodity is citing as it is a starting point to a growth cycle of prices.

Aluminum futures rose 0.16 percent trading at Rs 126.30 for a kg of commodity with delivery marked in future. Traders positioned themselves at a stronger mark as a further growth in the market is coming, with analytical charts showing a growth trend.

The main reasoned behind growing aluminum futures is highlighting firm positioning of other base metals, especially copper which influenced pricing of aluminum.

Nickel expanded 0.17 percent in the trading day today bringing its rate to Rs 1,151.50 per kg in future positions. Market speculators are spotting expansion in prices with support from rising demands because of its rising need in making alloys.

Global market, specifically London Metal Exchange is hiking the prices of Nickel in a similar fashion.



Bullion Silver MCX Tips Levels for Today



New York pricing of the commodity, which benchmarks the reference point for domestic pricing, climbed 0.02 percent marginally summing up total trading value of an ounce of the metal to $1,255.80. Silver followed Gold's trend reviving international trading value at 0.18 percent coming to $ 19.06 in the trading session.

In the capital city of India, gold holding 99.9 percent purity level and 99.5 percent purity hiked Rs 200 each computing new figures at Rs 27,800 per ten grams and Rs 27,600 per ten grams respectively.

Precious yellow metal commodity is making up for its Rs 700 loss in the falling streak of last eight days. Stability in block trading continued, as Gold traded at Rs 24,500 per piece of eight gram in scattered deals. 

Silver ready prices inflated Rs 270 to Rs 42,170 per kg and weekly based delivery grew at Rs 330 trading at Rs 42,200 per kg. The white metal script showed a total loss of Rs 175 on Tuesday. On the other hand, silver coins are holding their position at Rs 73,000 for buying and Rs 74,000 for selling for a box with 100 pieces in restricted buying activity.



Bullion MCX Gold Trading Live Tips for Today



In bullion market update today, Gold rate is moving steady coming out from its eight days losing hole where price of the commodity neared $ 1,250 per ounce level. In the last trading session, gold prices gained Rs 200 trading at Rs 27,800 level for 10 grams of the commodity in Delhi bullion market.

Gold prices in India recovered with rising demand from retailers and jewelers preparing their stock for sale during the festive season. Another reason is positive influx from global news which encouraged investors to pick up gold stocks now before it's too late.

Therefore, improvement in gold pricing in domestic and global markets came from increase in buyers, i.e. mainly jewelers and retailers and a stabilized trend in global markets.

In today's trading session gold is expected to trade on consolidate to bullish trend. Gold will find support at 26900-26700 while upside resistance will be around 27350 breaching the same level gold may move up further to touch 27500 level.

Monday, September 01, 2014

MCX Key Levels: Copper Tips, Lead Trend, Nickel Trading Tips

The breadth of Commodity Market in India is expected to remain bearish. Base metals segment will be bearish today. Our analysts suggest to trade on sell side today for more profit in intraday commodity trading. 
  • MCX Copper: Copper in base metals will trade in the narrow range 425-432 today & bearish to consolidate trend today. If copper prices falls below 427.10 then further downward movement is expected till 425. Copper will find support at 426-424 and resistance in between 431-433. Sell is advised for today's trading sessions.
  • MCX Lead: Base metal lead will trade on bearish trend today. Support for lead it at 134.50-133 and resistance is at 136.50-138. Intraday Traders are advised to initiate short position. 
  • MCX Nickel: Nickel on weekly mcx chart is showing downward trend on mcx. We expect prices to go down in intraday morning trading session today but in the evening session we can see correction in the prices. Support for Nickel is at 1134 & resistance is at 1145. Trade with strict key levels.      

Free Commodity Trading Calls for Today

Gold & Silver are trading down on the international index. It's been 3 weeks since when the gold price are under pressure. According to the CFTC reports gold seen a decline in the long position form the investors end last week. Crude oil is trading slightly down from last weeks trading sessions. Crude oil prices had come down to 93 dollar last week. For this week we may expect prices to sustain above last weeks resistance level. 

Gold on MCX is trading marginal downside from its previous close at around 27,800. Similarly silver is also trading at 42125 after falling 0.3 percent today. For today's trading sessions we are recommending following trading calls:
  • MCX Lead (September futures): Sell at 136.5 with stop loss at 137.5 for the target of 135. Lead intraday support for today is at 134 and resistance is at 138. 
  • Natural Gas MCX (September futures): Sell at 247 with stop loss at 251 for the target of 240. Natural gas will find support at 238 and resistance at 251. 
  •   

Wednesday, August 27, 2014

Free NCDEX Agri Trading Tips Today

NCDEX Agri Commodities had been trading down specifically Chana and Soyabean. After trading on lower sides the soya oil prices are showing signs of recovery and coming up in today's trading session. On the lower levels it is getting short recovering. Festive season demand for the soya oil has supported the prices today but this support can not sustain for a longtime so it;s better to trade with cautions. 

NCDEX Chana is trading bearish today. Currently it is trading at below 2840 with a marginal fall of 0.5 percent. While October contract of NCDEX Chana is on higher side at 2900. Adequate production and stock of Chana has put the pressure on prices but ahead of festive season the prices are expected to move up.

NCDEX Commodity Free Trading Tips for Today: Sell NCDEX Chana Below 2840 for the Intraday Targets of 2827,2812,2792 ... Keep Stop Loss at 2866.

Free Base Metals Tips: Copper, Nickel

MCX Base Metals Trend Today: Base metal segment on MCX India is trading bearish today. All base metals are not getting any support from the American data. On London Metal Exchange (LME) all commodities are trading in a narrow range, the impact is clearly visible in commodity market in India. Most affected commodity today is copper on MCX which is trading down from it's previous close by 0.5 percent at around 424 while zinc, nickel, aluminium are also trading on lower side. There are no chances of recovery in base metal in the day trading session. If you are a intraday trader in base metals, we advice you to trade with strict support & resistance level.   

MCX Commodity Live Prices and Rate

Facebook Like

Followers

Subscribe via Email

Enter your email address:

Delivered by FeedBurner

Disclaimer

The usage of this blog confirms to the policy that the investment in stock market has inherent risks and author or his clients may or may not be following the recommended.The author will not be held responsible for any loss incurred by following the advice.